Koton Says Two Wildberries Warehouses Used In Russian E-Commerce Operations Were Damaged In Ukrainian Attacks

About this update from Koton Magazacilik Tekstil Sanayi Ve Ticaret A.s.

KOTON MAĞAZACILIK TEKSTİL SANAYİ VE TİCARET BIST:KOTON:SAID ON MONDAY TWO WAREHOUSES BELONGING TO WILDBERRIES, ONE OF MARKETPLACES THROUGH WHICH OUR COMPANY CONDUCTS ITS E-COMMERCE OPERATIONS IN THE RUSSIAN FEDERATION, WERE DAMAGED AS A RESULT OF UAV ATTACKS CARRIED OUT BY UKRAINEACCORDING TO PRELIMINARY ASSESSMENTS, A PORTION OF OUR INVENTORY STORED IN THESE WAREHOUSES WAS AFFECTED. THE VALUE OF THE DAMAGED INVENTORY CORRESPONDS TO APPROXIMATELY FOUR-TENTHS OF ONE PERCENT (0.4%) OF THE TOTAL ASSETS REPORTED IN OUR FINANCIAL STATEMENTS AS OF MARCH 31, 2026BASED ON CURRENT EVALUATIONS, THE DAMAGE IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON OUR COMPANY'S FINANCIAL POSITION, OPERATIONS, OR BUSINESS CONTINUITYWILDBERRIES IS CONTINUING ITS DAMAGE ASSESSMENT PROCESS AND HAS ANNOUNCED THAT IT WILL IMPLEMENT SUPPORT MEASURES FOR BUSINESS PARTNERS AFFECTED BY THE INCIDENTUNDER OUR EXISTING INSURANCE POLICIES COVERING INVENTORY STORED IN WAREHOUSES, DAMAGE ASSESSMENT AND CLAIMS PROCEDURES ARE BEING CLOSELY MONITORED IN COORDINATION WITH OUR LOCAL AND REGIONAL INSURANCE BROKERSSource text for Workspace:Further company coverage:

View stock analysis, news, and events for Koton Magazacilik Tekstil Sanayi Ve Ticaret A.s.